MBA Loans

Applying for a Handy Finance MBA Loan is the same process as applying for our personal loans. It’s a simple process. You can apply for your MBA loan online in a matter of minutes – you’ll need to submit your ID and proof of income (such as bank statements) as part of your application. Within minutes, you will receive an indicative result. We’ll settle funds in your bank account within 24 hours if the loan is approved.

You will need to meet the following criteria to be considered for an MBA loan with Handy Finance: 

• Be a citizen or permanent resident of Australia
• Have no outstanding or unpaid defaults, as well as no history of bankruptcy
• Be 18 years of age or older
• Have a regular income via employment (or self-employment)

This will largely depend on the MBA program you choose to complete. Costs of your MBA program can vary – they can change based on the program you choose, if you decide to study a specialist MBA and even the ranking of the business school or institution. At Handy Finance, you can apply for an MBA loan between $2,001 and $75,000.

There is no set sum on what an MBA ‘should’ costs: you’ll need to look carefully at each MBA program, determine what kind of program will help you achieve your goals, and weigh that information against your financial situation. This is why Handy Finance offers MBA Loans from $2,001 to $75,000. The range gives you the flexibility to consider more specialised programs.

Yes, you can. Handy Finance offers secured and unsecured MBA loans. Unsecured loans don’t require you to secure your loan against collateral. Unsecured loans generally result in slightly higher interest rates than their secured counterparts. If you’d like to take out an unsecured Handy Finance MBA Loan, speak with one of our loan experts today to make sure it is the right loan for you.

At Handy Finance, we offer repayment terms of between one and seven years. You can repay your MBA loan in weekly, fortnightly or monthly instalments. We also have a $0 early repayment fee, so if you can pay off your loan quicker without incurring any extra charges.

An MBA loan can be an effective way to manage the costs of any further education opportunities. If your loan application with Handy Finance is approved, you can access your funds within 24 hours of approval. This quick turnaround allows you to take advantage of any discounts associated with early payment. As for repaying the loan, our loan experts set the terms based on your financial situation. Our loans are fixed, too, so you’ll know exactly how much you’ll need to repay each month (or week, or fortnight), allowing you to plan and budget accordingly.

Looking to increase your earning potential, improve your management skills, or planning a career change? This is where studying for an MBA comes in. It gives you a comprehensive overview of everything it takes to run a business successfully and can give you the edge you need to take the next step in your career. This is why we’ve developed a personal loan that can be used for MBA-related expenses.

The main difference is the final intention of the degree. A Master’s degree aims to extend your academic experience, where those studying aim to become a specialist in a certain subject through in-depth study. An MBA builds on your professional experience, focusing on developing practical business, leadership and management skills.

There are several different accreditation bodies for MBA programs across the world. Accreditations from these bodies are usually recognised worldwide. The Tertiary Education Quality and Standards Agency (TEQSA) regulates higher education courses in Australia. Still, some Australian-based MBA programs will have accreditations from the Association to Advance Collegiate Schools of Business, an American-based accreditation body and the European Quality Improvement System, a European-based accreditation body.

If you choose to study full-time, an MBA generally takes around one or two years to complete, depending on the program. However, in response to the growing demand for MBAs, institutions now offer the program in different formats. You can complete your MBA online, part-time or as part of an accelerated program. The length of the program won’t affect your MBA loan. You can still apply for a loan to cover tuition or other related MBA costs, no matter how long it takes you to complete.

Many MBAs include an option to further specialise in a particular business area within your degree. You can choose to specialise your MBA based on your career goals – although availability may depend on where you choose to study. Some examples of specialised MBAs you can study include a Marketing MBA, an Entrepreneurship MBA, a Finance MBA or an Operations Management MBA.

The EMBA is designed for professionals with several years of industry experience, which the course takes into account. Those who apply for an EMBA usually plan to continue working full-time while studying. EMBA programs are also covered under Handy Finance’s MBA Loans.

An International Master’s in Business Administration places all of its content for learning in the global context. It aims to prepare participants to gain a better cultural understanding of international business practices, often including studying abroad for part of the course. A Handy Finance MBA Loan can cover IMBA tuition.

A Green MBA focuses on teaching how to integrate sustainable and environmentally friendly practices into businesses. It is also known as a Sustainable MBA. A Handy Finance MBA Loan can cover education expenses for a Green MBA.

Yes – online MBAs can provide flexibility for those who want to study but are also juggling full-time work commitments. Our MBA Loans can cover tuition costs for in-person and online MBAs, so you don’t have to worry about losing access to your loan if you choose the second option.